Lighter Faces Withdrawal Delays; Users Advised to Use Ethereum L1 Workaround
- Withdrawal Issues: Lighter is experiencing withdrawal delays due to congestion on the Arbitrum network, with the last processed block at 137,759,880 being over four hours late, leading to user reports of “Too many L2 Withdrawals” errors that negatively impact user experience and platform reputation.
- User Mitigation Strategies: The team has advised users on Discord to switch to Ethereum L1 withdrawals, which can take up to four hours to process; however, this advice has not been communicated through broader social media channels, indicating a significant communication gap that could lead to user attrition.
- Market Reaction: Despite the withdrawal disruptions, the $LIT token is currently trading at approximately $2.80, with no direct financial impacts reported from funding or institutional sources, indicating relative market stability for the token amidst operational challenges.
- Historical Context: This incident echoes a similar event on October 11, 2025, when a market liquidation caused Lighter to halt operations for several hours, highlighting the need for improvements in handling network congestion and ZK proof bottlenecks to prevent future user losses.
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Technical Analysis for LIT
Technical Sentiment Analysis for Litentry (LIT) As of , Litentry (LIT) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 7 technical signals, shows that 3 indicators are flashing buy, while 4 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for LIT stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, LIT is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Litentry (LIT) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | -0.614 | -0.041 | 0.394 | 0.967 | 1.402 | 1.975 | 2.41 |
| Fibonacci | -0.041 | 0.344 | 0.582 | 0.967 | 1.352 | 1.59 | 1.975 |
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